Aurumin Limited (ASX:AUN)
Aurumin Limited (ASX:AUN) has completed the acquisition of two historical high-grade gold mines at Mt Palmer and Mt Dimer in Western Australia.
The Mt Dimer project (historical production of 125koz @ 6.4 g/t) ceased production in 1997 and there is existing defined mineralisation to build on, walk up targets for exploration and potential open pits ready to advance. The Mt Palmer project (historical production of 158koz @ 15.9g/t) ceased production in 1944 and has a 1000oz per vertical meter profile in the region of million-ounce deposits.
Both projects have high potential around the existing mine footprint and regionally with significant contiguous exploration tenure around the historical production centres.
The Company board and management team are experienced in exploration, development and mine operations with a track record of successful execution and growing companies.